Globe Trade Centre (LTS:0K02) Cyclically Adjusted PB Ratio: 0.13 (As of Aug. 22, 2026) — 78% Below Median

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LTS:0K02 Globe Trade Centre SA LTS:0K02
58 GF Score
Price zł2.32
GF Value zł8.81
Valuation Possible Value Trap
! 8 Warning Signs
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What is Globe Trade Centre Cyclically Adjusted PB Ratio?

Globe Trade Centre LTS:0K02 58 Cyclically Adjusted PB Ratio is 0.13 as of Aug. 22, 2026, which is 78% below its 10-year median of 0.58. GuruFocus rates LTS:0K02 with a GF Score™ of 58/100 and a GF Value™ of zł8.81 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,371 Real Estate companies, Globe Trade Centre ranks better than 79.8% on this metric.

As of today (2026-08-22), Globe Trade Centre's current share price is zł2.31551. Globe Trade Centre's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł18.39. Globe Trade Centre's Cyclically Adjusted PB Ratio for today is 0.13.

The historical rank and industry rank for Globe Trade Centre's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0K02' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.58   Max: 0.86
Current: 0.22

During the past years, Globe Trade Centre's highest Cyclically Adjusted PB Ratio was 0.86. The lowest was 0.20. And the median was 0.58.

LTS:0K02's Cyclically Adjusted PB Ratio is ranked better than
79.8% of 1371 companies
in the Real Estate industry
Industry Median: 0.68 vs LTS:0K02: 0.22

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Globe Trade Centre's adjusted book value per share data for the three months ended in Mar. 2026 was zł7.281. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is zł18.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Globe Trade Centre  (LTS:0K02) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Globe Trade Centre Cyclically Adjusted PB Ratio Related Terms


Globe Trade Centre Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Globe Trade Centre's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Globe Trade Centre Cyclically Adjusted PB Ratio Chart

Globe Trade Centre Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.58 0.40 0.36 0.28

Globe Trade Centre Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.38 0.39 0.28 0.23

LTS:0K02 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Globe Trade Centre's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Globe Trade Centre Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Globe Trade Centre's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Globe Trade Centre's Cyclically Adjusted PB Ratio falls into.


LTS:0K02
58GF Score
Globe Trade Centre SA LTS:0K02
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Globe Trade Centre Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Globe Trade Centre's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.31551/18.39
=0.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Globe Trade Centre's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Globe Trade Centre's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.281/163.0700*163.0700
=7.281

Current CPI (Mar. 2026) = 163.0700.

Globe Trade Centre Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.110 99.552 10.008
201609 6.626 99.064 10.907
201612 6.665 100.366 10.829
201703 7.044 101.018 11.371
201706 7.410 101.180 11.943
201709 8.343 101.343 13.425
201712 8.707 102.564 13.844
201803 9.291 102.564 14.772
201806 8.656 103.378 13.654
201809 8.855 103.378 13.968
201812 8.825 103.785 13.866
201903 8.927 104.274 13.961
201906 8.747 105.983 13.459
201909 8.609 105.983 13.246
201912 8.827 107.123 13.437
202003 8.770 109.076 13.111
202006 8.616 109.402 12.843
202009 9.096 109.320 13.568
202012 8.860 109.565 13.187
202103 8.669 112.658 12.548
202106 8.921 113.960 12.765
202109 8.787 115.588 12.397
202112 9.457 119.088 12.950
202203 7.946 125.031 10.364
202206 7.829 131.705 9.693
202209 7.239 135.531 8.710
202212 7.581 139.113 8.887
202303 7.731 145.950 8.638
202306 7.538 147.009 8.362
202309 7.469 146.113 8.336
202312 7.727 147.741 8.529
202403 7.737 149.044 8.465
202406 7.613 150.997 8.222
202409 7.880 153.439 8.375
202412 7.594 154.660 8.007
202503 7.842 157.021 8.144
202506 8.362 157.509 8.657
202509 8.365 158.000 8.633
202512 7.430 158.320 7.653
202603 7.281 163.070 7.281

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.13 mean?
Globe Trade Centre (LTS:0K02) has a Cyclically Adjusted PB Ratio of 0.13 as of Aug. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Globe Trade Centre and its competitors. This is 78% below median its historical median of 0.58. Over the past decade, Globe Trade Centre's Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.86. According to the industry distribution chart, Globe Trade Centre ranks #277 out of 1371 companies in the Real Estate industry, placing it in the top 20.2%.
Is Globe Trade Centre's Cyclically Adjusted PB Ratio too high?
Globe Trade Centre's current Cyclically Adjusted PB Ratio of 0.13 is 78% below median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.86. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Globe Trade Centre's value of 0.13 is 80.9% below this industry median. Based on the distribution chart, Globe Trade Centre ranks #277 out of 1371 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Globe Trade Centre has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Globe Trade Centre's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Globe Trade Centre ranks #277 out of 1371 companies for Cyclically Adjusted PB Ratio. This places Globe Trade Centre in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.68. Globe Trade Centre's value of 0.13 is 80.9% below this benchmark. Historically, Globe Trade Centre's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.86 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.68, Globe Trade Centre has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,371 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Globe Trade Centre's current Cyclically Adjusted PB Ratio of 0.13 is 80.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Globe Trade Centre and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Globe Trade Centre's current Cyclically Adjusted PB Ratio is 0.13, which is 78% below median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globe Trade Centre stock overvalued right now?
Based on GuruFocus' analysis, Globe Trade Centre (LTS:0K02) is currently considered Possible Value Trap. The stock's GF Value™ is zł8.81, compared to a current price of zł2.32 — trading 73.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.13, which is 78% below median its 10-year median of 0.58 and 80.9% below the Real Estate industry median of 0.68. Globe Trade Centre's overall GF Score™ is 58/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Globe Trade Centre (LTS:0K02), the current Cyclically Adjusted PB Ratio is 0.13 as of Aug. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Globe Trade Centre (LTS:0K02) Overvalued in 2026?

Based on GuruFocus' analysis, Globe Trade Centre stock appears to be undervalued. The current stock price of zł2.32 is trading 73.7% below its estimated GF Value™ of zł8.81. GuruFocus considers Globe Trade Centre to be Possible Value Trap.

Key valuation signals for LTS:0K02:

  • Cyclically Adjusted PB Ratio: 0.13 (78% below median its 10-year median of 0.58)
  • GF Value™: zł8.81 vs. price of zł2.32 (73.7% below fair value)
  • GF Score™: 58/100 with 8 warning signs
  • Industry Position: 80.9% below the Real Estate median (#277 of 1371)

No single metric tells the full story. See the LTS:0K02 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Globe Trade Centre Business Description

Other Exchanges GTC:Poland
Address Komitetu Obrony Robotnikow 45A, Nothus Building, Warsaw, POL, 02-146
Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Hungary, Germany, Bucharest, Belgrade, Sofia, Zagreb, and others. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, the company generates key revenue from Poland, and the remaining is made up of other geographic areas.
58GF Score

Get the complete analysis for LTS:0K02

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł2.32
Price
zł8.81
GF Value